What Not To Discuss

Don’t discuss politics, religion or sex and many things besides

Yan Yager, the guru of business protocol, says that the second important requirement of good business etiquette is ‘Be Discreet.’ As I mentioned earlier, a good manager is a repository of much confidential information - on confidential personnel evaluations, on the company’s plans regarding mergers and acquisitions, new product...

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  • Fragrant

    Rei Agro is a good play on consumption-led growth

    Rice is a good business, especially if it is of the value-added kind like basmati. Some months ago, we had suggested that investors look at Khushi Ram Behari Lal. That stock has underperformed. Rei Agro is one of the few listed rice companies. It is the largest purchaser of basmati paddy with the largest milling capacity in India (its two...

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  • Concocting Yields?

    I am attaching a scanned copy of NABARD’s advertisement for 10-year zerocoupon bonds (Times of India, 20 September 2007). The advertisement highlights “Highest ever return” of 12.82% (with the qualifier that the return is based on “post tax simple yield to maturity”. It says, “Invest Rs8,250 and get Rs20,000 on maturity”. Now, does it really work out to a simple yield to maturity or a return...

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